The Constructor

AUGUST 10, 2020

Every industry has started profiting from this technology. The construction industry is not lagging. The construction industry has begun using drones for various purposes, from surveying the land at the starting of a project even to provide a warranty to the finished project. Here are ten […].

Industrial 195

Industrial Construction Profitability Safety 195

Construction Business Owner

JANUARY 14, 2020

However, given the 200,000 business failures, the almost complete collapse of profitability and the immeasurable human cost—our industry was at ground zero and will be again in the next recession.

Profitability 334

Profitability Banking Residential Housing 334

The Constructor

OCTOBER 2, 2017

Construction industries faces a lot of challenges and issues such as productivity, sustainability, profit margins, lack of skilled labors, use of.

Industrial 190

Industrial Profitability Construction Sustainability 190

Construction Business Owner

MARCH 27, 2024

Promote to rotator No Rotator Image Status of webinar Featured Maximize profit in your construction business. Thu, 05/09/2024 - 12:00 1:00 p.m. Once the project is complete, you will have an accurate, objective progress record to eliminate doubt and minimize the risk of legal disputes, improving the likelihood of repeat business.

Profitability 156

Profitability Legal Mobility Office 156

Construction Business Owner

FEBRUARY 10, 2025

The DEWALT POWERSHIFT Cordless Equipment System can produce up to 60% less CO2e emissions during use versus gas-powered equipment* enabling sustainable innovation in the construction industry. Sara currently resides in Maryland with her wife and their two sons, ages 13 and 11.

Sustainability 229

Sustainability Maryland Massachusetts Concrete 229

Construction Business Owner

SEPTEMBER 18, 2019

The construction industry continues to invest heavily in safety management. As such, safety is a key driver of a construction company’s productivity, quality and profitability. Smart contractors understand that safety must be both a core value and a strategic priority.

Safety 320

Safety Negotiation Bidding Profitability 320

Construction Today

JANUARY 30, 2025

Construction is an industry built on massive scale, precise execution, and collaboration of a global team of suppliers. Despite all the advancements, poor communication and lack of collaboration across teams, leading to inefficiencies, chaos, and increased risk, remains our industry’s Achilles heel.

Profitability 52

Profitability Risk Budgeting Budget 52

Construction Business Owner

SEPTEMBER 22, 2016

With profit margins averaging around only 3.5 Unfortunately, fraud has been widespread in the construction industry for a long time and can be perpetrated through a variety of schemes. percent, construction companies cannot afford to waste money.

Construction 306

Construction Profitability Industrial 306

Construction Business Owner

JULY 4, 2022

Using work-in-progress (WIP) reports to stay on top of every project & maximize profitability. WIP reporting provides construction companies with the insight needed to determine if active jobs are underbilled or overbilled, allowing you to stay on top of every project and maximize profitability. Promote to rotator No. Rotator Image.

Work in Progress 287

Work in Progress Cash Flow Profitability Contractors 287

Construction Business Owner

MAY 6, 2024

Why Customer Research Should Shape Your Business Strategy ccapoccia Mon, 05/06/2024 - 10:20 In the architecture, engineering and construction (AEC) industry where projects are complex, collaboration is key and customer satisfaction is critically important, the relevance of your customers’ opinion carries significant weight.

Profitability 294

Profitability Architecture Environment Sustainability 294

Construction Business Owner

JULY 26, 2017

When the construction markets crashed in 2008, many workers in the skilled trades left to pursue employment in an industry with a more stable outlook. One of the greatest challenges business owners face in the current economy is finding and hiring quality employees.

Profitability 209

Profitability Employment Industrial Construction 209

The Constructor

OCTOBER 30, 2020

The construction industry makes a profit or loss based on the visibility of the works performed on the job site. In this sense, one should have the.

Site 264

Site Products Profitability Construction 264

Lets Build

JANUARY 6, 2023

Setbacks like supply chain disruptions and rising energy prices are putting pressure on residential construction profit margins. And for many construction companies that operated on slim profit margins before those setbacks, even the smallest cost overruns can result in loss-making projects.

Profitability 144

Profitability Residential Software Software 144

Construction Business Owner

SEPTEMBER 10, 2019

Construction industry experts explain the bidding strategies that keep their firms profitable.

Bidding 251

Bidding Profitability Industrial Construction 251

The Constructor

MAY 2, 2024

What is Best Practice in Construction Best practices in construction encompass the standard and meticulously planned approaches followed within the construction industry to ensure optimal outcomes and profitability. These practices may take the form of policies, procedures, or comprehensive systems implemented during specific periods.

Construction 264

Construction Profitability Plans Industrial 264

Construction Business Owner

SEPTEMBER 22, 2022

Job costing measures the success throughout the job and provides insight into its future profitability. While not used in all industries, job costing is a proven method that the most successful contractors use to steer the financial success of their businesses.

Work in Progress 296

Work in Progress Construction Profitability Equipment 296

Construction Business Owner

JULY 12, 2023

Job costing measures the success throughout the job and provides insight into its future profitability. While not used in all industries, job costing is a proven method that the most successful contractors use to steer the financial success of their businesses.

Work in Progress 286

Work in Progress Construction Profitability Equipment 286

Construction Business Owner

SEPTEMBER 1, 2021

As the demand for more sustainable building continues to increase, and the practice of green building becomes increasingly more profitable, construction today is positioned to lead the world by example. The industry already understands the importance of and need for sustainable practices, and it’s time we talk more about it.

Sustainability 291

Sustainability Profitability Green Industrial 291

Job Order Contracting

FEBRUARY 3, 2025

According to industry data, the average bid win percentage for a commercial contractor is 25%, meaning for every 10 bids submitted, they would win 2-3 projects. The industry average of 25% largely reflects the inefficiencies in bid preparation, lack of trust in cost estimates, and inconsistencies in pricing.

Bidding 147

Bidding Construction Defense Contractors 147

BD+C

OCTOBER 23, 2024

How Digital Transformation Drives Success in Construction 1 kcichowicz Wed, 10/23/2024 - 12:59 Learn how digital transformation boosts construction efficiency and profitability. The construction industry, traditionally resistant to change, is facing an urgent call to embrace digital transformation.

Construction 102

Construction Profitability Risk Innovation 102

Contractor Bookkeeping

JANUARY 3, 2025

The construction industry has also experienced a significant transformation in recent years, driven by technological advancements. From project management software to drones and Building Information Modeling (BIM), construction business owners leverage these tools to enhance productivity, improve safety, and boost profitability.

Construction 115

Construction Accounting BIM Profitability 115

Construction Business Owner

OCTOBER 2, 2023

From dealing with tight profit margins, short project timelines and equipment issues, along with an abundance of complex logistics daily, it can be extremely difficult to manage. Not to mention the ever-shrinking workforce the construction industry has been dealing with, further amplifying these issues.

Software 292

Software Software Deals Profitability 292

Construction Business Owner

APRIL 15, 2020

Profitability is the key to everything, and applying new technology needs to support profitability. You’ll also get practical advice from an industry tech pro on how to implement these technologies and make them work for your business. Status of webinar Featured. Exploring tech that actually works & how to make it work for you.

ABC 326

ABC ProCore AGC CMAA 326

Construction Business Owner

OCTOBER 2, 2023

From dealing with tight profit margins, short project timelines and equipment issues, along with an abundance of complex logistics daily, it can be extremely difficult to manage. Not to mention the ever-shrinking workforce the construction industry has been dealing with, further amplifying these issues.

Software 285

Software Software Deals Profitability 285

Construction Business Owner

JULY 12, 2018

Construction is a low-margin industry facing a skilled labor shortage and increasingly complex, fragmented projects. By failing to capture, unlock and employ insights from one project to the next, owners and contractors miss out on a critical opportunity to make the industry safer, more efficient and, ultimately, more profitable.

Profitability 234

Profitability Employment Industrial Site 234

Contractor Bookkeeping

MARCH 7, 2025

In this blog post, we'll chat about the key players you need on your financial team, what each role brings to the table, and how to find experts who truly understand the ins and outs of the construction industry.

Profitability 62

Profitability Contractors Finance Regulation 62

Building Radar

NOVEMBER 11, 2024

The construction industry is known for offering a wide range of career opportunities. According to industry data, entry-level positions often start around $28,000 annually , while experienced professionals in specialized roles can earn as much as $60,000 or more. The Impact of Technology on Construction Worker Salaries 1.

Construction 97

Construction Project Management Los Angeles Certification 97

Contractor Bookkeeping

APRIL 21, 2023

The most common situation is when a residential remodel contractor with a reputation and a substantial company generating 15% or more profits decides to start building custom homes. Or the opposite, a home builder who decides to branch out into residential remodeling.

Profitability 88

Profitability Remodeling Residential Industrial 88

Viewpoint Construction Technology

MAY 24, 2018

Construction companies of all sizes and across all regions are realizing the need to adopt the latest technologies into their operations in order to keep up with demand and to remain profitable. However, this is easier said than done. The most prominent roadblock to technology adoption is resistance to change.

Profitability 189

Profitability Cash Flow Management Houston 189

Building Radar

NOVEMBER 11, 2024

The construction industry is undergoing a significant transformation, driven by an increasing focus on sustainability. Companies can gain a competitive edge by developing sustainable product lines , which not only align with global sustainability goals but also enhance profitability.

Sustainability 52

Sustainability Products Industrial Construction 52

Lets Build

NOVEMBER 12, 2020

For many players in construction, the industry needs to change the way stakeholders communicate and, by extension, collaborate with each other. The new normality that was violently introduced not only to our industry but also to our societies, due to COVID-19, calls for a new approach around project management. Let’s talk numbers.

Industrial 167

Industrial Construction Project Management Claims 167

Construction Business Owner

MAY 23, 2018

Business owners must be able to simultaneously manage employees and issues, both on- and off-site, in an industry that is highly prone to unforeseeable circumstances. Despite the job having many facets and accompanying challenges, the ultimate goal remains constant—increasing company productivity and profitability.

Forecasting 209

Forecasting Profitability Site Products 209

Construction Business Owner

MAY 2, 2023

In today’s rapidly changing, fast-paced world, a big part of Meibers’s role is to ensure that Deltek + ComputerEase equips customers with the tools they need to manage profitability, drive growth and meet construction requirements. He has been a leader at Deltek + ComputerEase since 2000, serving over 4,500 contractors nationwide.

Cash Flow 288

Cash Flow Management Contract Profitability 288

Lets Build

JULY 8, 2022

In many respects, the answer to the question “How has COVID affected the construction industry?” Because this was internationally viewed as an essential industry, often taking place outside, construction companies and their staff were able to resume something approaching normal working conditions surprisingly rapidly.

Industrial 148

Industrial Construction Cash Flow Retail 148

HardHatChat

JANUARY 30, 2019

After nearly 10 years of publishing Hard Hat Chat (more to come on our blog’s 10 th anniversary later this year), we know there’s never a shortage of fresh topics and trends to discuss in the commercial construction industry. We look forward to continuing the conversation about these and other trends shaping our industry in the year ahead.

Commercial 386

Commercial Retail Construction US 386

Construction Business Owner

APRIL 20, 2023

Adopting software doesn’t mean you have to change processes or workflows — it’s about enhancing them with automation, reporting, historical record keeping and bulk actions that improve your business performance and profitability. Miller Electric has grown a great team with more than 1,000 electricians in the field.

Software 282

Software Software Contractors Electrical 282

Construction Dive

NOVEMBER 28, 2023

Amid soaring costs, several construction industry giants reported lower gains in recent earnings reports.

Profitability 136

Profitability Industrial Construction 136